Netflix is sliding following report Disney has been in talks to acquire parts of 21st Century Fox (DIS, NFLX, FOXA)

business news

  • Disney has reportedly been in talks to acquire parts of 21st Century Fox.
  • Netflix shares are slipping after the news.
  • Disney is set to pull its content from Netflix to start its own streaming service in 2019.
  • Watch shares of Netflix move in real time here.

Shares of Netflix are sliding, down 0.67% at $198.67, after a CNBC’s David Faber reported that Disney has been in talks to acquire certain entertainment parts of 21st Century Fox.

The potential deal would not include Fox’s broadcast network, as Disney wouldn’t be able to own two broadcast networks, the report says. The talks have been about the studio divisions of Fox’s business, along with National Geographic, FX Networks and the UK’s BSkyB.

The talks come after Disney acquired BAMTech to help build out its standalone streaming services for the company’s sports and entertainment properties. Adding Fox’s entertainment assets could bolster Disney’s streaming offerings when it starts offering its services in 2018 and 2019. Netflix is the current holder of the rights to much of Disney’s iconic catalog of content. That deal is set to expire in 2019.

Netflix hasn’t been sitting still though. The company reportedly plans to spend more than $7 billion on content next year as it develops more original content. Netflix also bought MillarWorld and poached Shonda Rhimes from her longstanding host, ABC.

Disney is up 1.27% after the news but is down 5.79% this year.

Netflix is up 56.38% this year.

Read more about Disney’s streaming plans here.

SEE ALSO: UBS: Disney has one big advantage that’ll make its streaming movie service succeed

Join the conversation about this story »

NOW WATCH: $6 TRILLION INVESTMENT CHIEF: Bitcoin is a bubble

Комментариев нет

Добавить комментарий

Этот сайт использует Akismet для борьбы со спамом. Узнайте как обрабатываются ваши данные комментариев.

business news
Trump’s trade fight and the unwinding of a $3 billion bet are clobbering copper

Copper prices on the London Metal Exchange slipped below $6,000 for the first time in a year Thursday. Analysts say trade escalations are weighing on a market already under pressure. An unwinding of a $3 billion long position put pressure on prices earlier this month.  Follow copper in real time …

business news
Trump threatens to slam a massive tariff on European cars, which could cause economic chaos

President Donald Trump on Friday threatened to impose a 20% tariff on imports of cars from the European Union. The move would be a huge escalation of Trump’s ongoing trade conflict with the EU. Trump already hit Europe with steel and aluminum tariffs, angering EU leaders and triggering retaliation. President …

business news
Bitcoin’s rough patch looks like the Nasdaq during the tech bubble — except it’s moving 15 times faster

Bitcoin fell as much as 70% from its mid-December high through its recent early-February low. The cryptocurrency’s price chart mirrors that of the Nasdaq Composite Index during the dotcom bubble era, but there’s a catch. Historical fluctuations in the Nasdaq should provide a template for how bitcoin will trade going …